US added 431,000 jobs in March – just 59,000 less than expected

Amid soaring inflation and threats of a possible recession, Friday’s jobs report offered President Biden a sigh of relief: jobs figures only slightly under what was expected as the labor market grew increasingly tighter.   U.S. nonfarm payrolls added 431,000 jobs in March, a figure nearly 60,000 shy of what experts had predicted, while unemployment dropped … Read more

US stocks jump for a second day in a row with the Dow gaining more than 500 points by closing

US stocks spiked for a second day in a row with the Dow gaining nearly 600 points after opening as fears abated over Chinese property developer Evergrande’s ability  to pay $83.5 million worth of interest on Thursday. The two-day market rally also comes on the heels of the Federal Reserve’s decision on Wednesday to keep current … Read more

Dow hits an all time high on the back of Trump signing $900B COVID stimulus aid package

Stocks jumped to record highs at the start of the final week of 2020 after President Donald Trump unexpectedly signed a $900 billion COVID-19 economic aid package. The Dow Jones rose 240 points higher, or 0.8%, to 30,440 points as of 11.30am EST.  The benchmark briefly climbed to 30,525.56, its first intraday record in 10 days, before … Read more

Dow hits an all time high on the back of Trump signing $900B COVID stimulus aid package

Stocks jumped to record highs at the start of the final week of 2020 after President Donald Trump unexpectedly signed a $900 billion COVID-19 economic aid package. The Dow Jones rose 240 points higher, or 0.8%, to 30,440 points as of 11.30am EST.  The benchmark briefly climbed to 30,525.56, its first intraday record in 10 days, before … Read more

US Election 2020: Stocks jump as result hangs in balance

US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more

US Election 2020: Stocks jump as result hangs in balance

US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more

US stocks close higher as race for the White House continues

Technology and health care companies led a stock market rally Wednesday as Wall Street shrugged off the presidential election limbo.  The S&P 500 rose 2.2% for its best day in five months.  The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day.  That pullback … Read more

US Election 2020: Pound sinks against US dollar amid uncertainty

The pound has slumped against the dollar as the US presidential election battle failed to produce an early result and looks set to continue for days. At midnight, the pound was trading at $1.315 but dropped to $1.290 earlier this morning before settling at around $1.300 in the afternoon.  Leading up to election day, markets … Read more